Financial Archives

How To Calculate Gross Profit Margin

Your gross profit margin tells you whether your pricing and production costs make sense. For every dollar of net sales, it shows how much is left after paying the direct costs of the goods sold or services delivered – before rent, admin, marketing and other overheads....

Receipt: Definition, example and format

A receipt is a document – either physical or digital – that’s used in any type of business transaction. Ultimately, it’s what acts as proof that a payment was made for goods or services. It includes details of the purchase itself and is essential for bookkeeping,...

Petty cash management guide for small businesses

Managing petty cash is something pretty much every small business owner has to do. It’s a small amount of cash kept on hand for minor expenses, and it can help your business not have to rely on company credit cards or write cheques for insignificant costs. Let’s go...